Asked by Mdm. Berlynn Ong
How long will the resale levy be waved off after selling my flat???
2022 views
6 Answers
Hi Mdm Berlynn,
Just for you information, a resale levy is applicable only when we sell dispose of a subsidized flat and applies for a second subsidized. So currently, is your current flat brand new from HDB when you bought it or did you buy it from the open market with a CPF Grant? if the answer is yes, then when you apply for a BTO from HDB, you will need to pay the resale levy. If you bought your current flat from open market without any CPF Grant, then there is no resale levy.
Resale levy will never be waived. If after selling your subsidized flat and you never ever buy another subsidized flat from HDB, then you will never need to pay the resale levy. The moment once you apply for a subsidized flat then you will need to pay the resale levy. Do take note that interests will be chargeable for the resale levy on a per annum basis if you decide to apply for a subsidized flat few years later.
Do feel free to drop me a call if you still do not have a clear picture and I can explain to you over the phone. No worries, there are no obligations. Thanks.
Best Regards,
Jeffrey Heng
Senior Team Director
ERA Realty Network Pte Ltd
Property Navigators (The #1 Team in ERA for 2009 and 2011)
Mobile : 9858 1322
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More
Just for you information, a resale levy is applicable only when we sell dispose of a subsidized flat and applies for a second subsidized. So currently, is your current flat brand new from HDB when you bought it or did you buy it from the open market with a CPF Grant? if the answer is yes, then when you apply for a BTO from HDB, you will need to pay the resale levy. If you bought your current flat from open market without any CPF Grant, then there is no resale levy.
Resale levy will never be waived. If after selling your subsidized flat and you never ever buy another subsidized flat from HDB, then you will never need to pay the resale levy. The moment once you apply for a subsidized flat then you will need to pay the resale levy. Do take note that interests will be chargeable for the resale levy on a per annum basis if you decide to apply for a subsidized flat few years later.
Do feel free to drop me a call if you still do not have a clear picture and I can explain to you over the phone. No worries, there are no obligations. Thanks.
Best Regards,
Jeffrey Heng
Senior Team Director
ERA Realty Network Pte Ltd
Property Navigators (The #1 Team in ERA for 2009 and 2011)
Mobile : 9858 1322
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More
2
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 - 9255 or via:
https://wa.me/6598569255
This platform does not support direct messaging.
(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.
(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.
(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
ABLE Toh ( Your TRUSTED Singapore Property Agent/ Consultant)
Mobiile : 98 56 92 55
Email: Able.selling@gmail.com Read More